Uber To Rally Over 9%? Here Are 10 Top Analyst Forecasts For Monday
Portfolio Pulse from Avi Kapoor
Wall Street analysts have updated their price targets and ratings for several companies. Needham raised Uber's price target to $71 with a Buy rating. Morgan Stanley increased e.l.f. Beauty's target to $168 but downgraded it to Equal-Weight. Baird downgraded ADM and cut its target to $61. Barclays downgraded ARRY and reduced its target to $15. Citigroup raised Fastly's target to $20 and upgraded it to Neutral. Goldman Sachs increased StoneCo's target to $21 and upgraded it to Buy. Keybanc raised Autodesk's target to $265 with an Overweight rating. Citigroup increased Datadog's target to $150 with a Buy rating. TD Cowen raised Lyft's target to $12 with a Market Perform rating. BMO Capital downgraded LCI Industries and lowered its target to $100.
January 22, 2024 | 12:20 pm
News sentiment analysis
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POSITIVE IMPACT
Keybanc raised Autodesk's price target from $260 to $265 and maintained an Overweight rating.
The slight increase in price target and the maintenance of an Overweight rating by Keybanc indicate a continued positive outlook, which could benefit Autodesk's stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Citigroup increased Datadog's price target from $125 to $150 and maintained a Buy rating.
The raised price target and sustained Buy rating from Citigroup suggest a strong positive sentiment, which could drive Datadog's stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Citigroup upgraded Fastly from Sell to Neutral and boosted the price target from $11 to $20.
The upgrade to Neutral and the increase in price target by Citigroup suggest a more favorable view of Fastly, which could positively influence its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Goldman Sachs upgraded StoneCo from Neutral to Buy and raised the price target from $12 to $21.
The upgrade to Buy and the price target increase by Goldman Sachs could lead to a positive short-term impact on StoneCo's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Needham raised Uber's price target from $63 to $71 and maintained a Buy rating.
The increase in price target and the maintenance of a Buy rating by Needham suggests a positive outlook for Uber, which could lead to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Morgan Stanley increased e.l.f. Beauty's price target from $137 to $168 but downgraded the stock to Equal-Weight.
The increase in price target is positive, but the downgrade to Equal-Weight could neutralize the impact on the stock price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TD Cowen raised Lyft's price target from $10 to $12 and maintained a Market Perform rating.
The increase in price target is a positive sign, but the maintenance of a Market Perform rating suggests a neutral short-term impact on Lyft's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Baird downgraded Archer-Daniels-Midland from Outperform to Neutral and cut the price target from $96 to $61.
The downgrade and significant reduction in price target by Baird could lead to a negative short-term impact on ADM's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
Barclays downgraded Array Technologies from Overweight to Equal-Weight and reduced the price target from $22 to $15.
The downgrade and price target reduction by Barclays are likely to have a negative short-term effect on ARRY's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85
NEGATIVE IMPACT
BMO Capital downgraded LCI Industries from Market Perform to Underperform and lowered the price target from $105 to $100.
The downgrade to Underperform and the decrease in price target by BMO Capital are likely to have a negative short-term impact on LCI Industries' stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 85